Economics

This channel highlights factors that impact hospital and healthcare economics and revenue. This includes news on healthcare policies, reimbursement, marketing, business plans, mergers and acquisitions, supply chain, salaries, staffing, and the implementation of a cost-effective environment for patients and providers.

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Foxconn, Aurora Advocate to collect data from 13K employees to streamline care delivery

Foxconn made headlines when it announced plans to build a $10 billion plant in Racine County, Wisconsin. Now, the Taiwanese tech giant has sights set on improving healthcare for the 13,000 employees who will work at the facility.

Philips seals $164M tech deal with 2 German hospitals

Royal Philips has funneled roughly $164 million (€140 million) into two separate business deals with the Kliniken der Stadt Köln (Clinics of Cologne) and Städtische Klinikum München (Munich Municipal Hospital) in Germany, the company announced this month.

Nursing notes provide value in predicting ICU patient survival

Unstructured clinical nursing notes, including sentiments of clinicians, can help predict patient outcomes in the ICU, according to a study published in PLOS One.

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The numbers don’t lie: 4 reasons to be optimistic about radiology’s future

Radiologists have a lot to be excited about in 2018 and beyond. Jim Y. Chen, MD, of the department of radiology at Brigham and Women’s Hospital in Boston, explored some recent statistics in a new commentary published by the Journal of the American College of Radiology, detailing what they mean for the specialty this year and in years ahead.

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Radiology groups consolidate en masse in light of increasing demands, underfunding

With seven of the country’s 20 most prominent radiology practices having completed business deals within the last 18 months, the field is witnessing more efforts to consolidate and conserve resources than perhaps ever before.

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Tariffs on Chinese products could increase annual medical equipment costs by $400M

The escalating trade war between the U.S. government and China could lead to an additional $400 million in medical equipment costs each year, according to a new analysis from the American Action Forum (AAF).

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CMS proposes to pay for telehealth, reduce physicians’ paperwork time

CMS proposed several changes to its Medicare billing standards July 12, including paying doctors for virtual visits and alleviating some of their administrative burden.

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‘Name your price’ tool brings affordable imaging to underinsured

New York-based healthcare startup Medmo may upend the imaging market with its new platform that allows consumers to name their own price for medical imaging tests such as MRIs or CT scans.